Why Intel Stock Bounced Back Today

7 hours ago 3

Intel (NASDAQ: INTC) banal got caught up successful an epic sell-off past week arsenic semiconductor spot stocks mislaid $1 trillion successful marketplace capitalization. Intel stock, successful particular, mislaid 13.5% by the adjacent of the week.

Shares of what was erstwhile the world's biggest shaper of semiconductor chips bounced backmost with a vengeance this morning, however, and are up 11.5% arsenic of 10:40 a.m. You tin convey Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) for that.

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Intel cube statue with lit up   logo connected  a plaza.

Image source: Intel.

Google wants Intel wrong

As The Information reports this morning, Alphabet whitethorn person conscionable placed an bid for Intel to manufacture 3 cardinal tensor processing portion (TPU) artificial quality chips successful 2028. The rumor is not yet confirmed -- and we don't really cognize however overmuch a 3-million TPU bid would beryllium worthy to Intel adjacent if it is true -- but that's not stopping investors from buying into Intel banal today.

This isn't surprising. After all, according to StreetInsider.com, Alphabet's bid whitethorn beryllium lone the start. Rumors are also floating that Intel whitethorn enactment arsenic a declaration shaper for Nvidia (NASDAQ: NVDA), gathering a caller processor combining 4 Nvidia GPUs successful a azygous unit.

And arsenic if that weren't enough, SI besides reports that Tesla (NASDAQ: TSLA) whitethorn privation to spouse with, oregon licence Intel's next-generation 14A manufacturing process to marque Tesla chips astatine Terafab.

What's adjacent for Intel?

Long communicative short, opportunities abound for Intel, and if adjacent conscionable one of these rumors proves true, it could assistance the institution turnaround.

Does this marque Intel banal a bargain aft its banal has already tally up 464% this past year? Does it marque Intel banal a bargain adjacent though it's unprofitable, and trading for much than 120 times next year's earnings?

I admit I person my doubts, but today's inactive a bully time for Intel.

Should you bargain banal successful Intel close now?

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